Donald Trump is really scraping the bottom of the barrel when it comes to his remaining Federal Reserve nominees—and he doesn't seem to understand what their individual views on monetary policy actually mean.
Take his latest pick, Judy Shelton, chosen after the attempted appointment offollowing footage of him making incredibly misogynistic and racist comments.
Here's Shelton, who supposedly already reportedly advises Trump informally , in a recent CATO Institute paper on the issue. She's not just criticizing Fed policy from a hawkish standpoint. Shelton is actually questioning our entire monetary regime, the legitimacy of the dollar as a self-standing currency:
"If the United States does nothing to restore a rules-based approach to international monetary relations, our values come into question. We lose credibility by failing to challenge an international monetary anti-system that condones cheating by governments and central banks."
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